Colonnade advises First Niagara on its sale of Premium Payment Plan to Flatiron Capital, a division of Wells Fargo
June 18, 2010

First Niagara Financial Group (Nasdaq: FNFG) has agreed to divest its insurance premium finance business, Premium Payment Plan (“PPP”), through an exclusive referral and revenue sharing arrangement with Flatiron Capital, a division of Wells Fargo Bank, N.A. Flatiron Capital is one of the largest premium finance companies in the United States. Terms of the transaction were not disclosed.

Colonnade Securities LLC advised First Niagara and PPP on the transaction.